Allfunds partners with Goldman Sachs and Citigroup to strategise sale amid gauging takeover interest November 16, 2023 The fund distribution platform is looking at Civen, CVC Capital Partners and Permira as potential suitors, according to a report.
Liontrust swings to interim loss as outflows top £3bn November 16, 2023 Liontrust reported a pretax loss of £10.1m in the six months ended September 30. Assets under management dipped 12 per cent to £27.7bn.
Manulife to acquire Michael Hintze’s CQS November 15, 2023 Manulife Investment Management announced on Wednesday that it has agreed to acquire Lord Michael Hintze’s alternative credit manager CQS.
Fund managers bet on peak rates and buy bonds November 15, 2023 Overweight positions on bonds were at their third highest in two decades as investors bet that interest rates will move lower next year.
UK dividend growth lags as Europe on track for record payouts November 15, 2023 Payouts in the UK saw minor underlying growth in the third quarter, held back by sharp cuts in the mining sector.
City chiefs urge chancellor to tackle ‘downward spiral of investment’ and reform ISAs and pensions November 15, 2023 The group called on the chancellor to tackle the “downward spiral of investment” that had taken hold in the UK.
British Business Investments reports sharp drop in annual profit November 14, 2023 British Business Investments reported a sharp drop in annual profit on Tuesday as it lamented a challenging economic backdrop in the UK. British Business Investments is a subsidiary of the British Business Bank, a government-owned development bank. BBI aims to improve access to alternative finance for smaller businesses in the UK while making a commercial [...]
‘Duolingo for your career’: coaching app Bloom launches with $10 million raise November 13, 2023 Bloom, a new career coaching app, has officially launched in the UK and US on Monday after raising $10 million in seed funding.
UK risks falling in scientific investment, industry warns November 13, 2023 Jeremy Hunt’s ambition to turn the UK into a “science superpower” is at risk unless he increases tax relief, the BVCA has warned.
Former Hambro Perks CEO makes comeback with new firm November 13, 2023 The new business marks the first significant move by Perks since he abruptly stepped down from Hambro Perks in April.
